(Finance) – Lo Shanghai Stock Exchange has approved the initial public offering (IPO) from 65 billion yuan ($9.1 billion) of Syngentaone of the leading companies in the global agro-industry sector.
Thanks to the operation, Syngenta intends to use the operation to finance its own research and developmentupgrade its agricultural platform, support acquisitions global and repay i debts long-term, according to the prospectus.
ChemChina acquired Syngenta in 2017, sinochem absorbed ChemChina in 2021 and Syngenta subsequently incorporated Sinochem’s agricultural business.
Syngenta is working on the listing since 2019but faced several denials or postponements by the authorities in the process.